Cardano Drops 10% Despite Trading Volume Surging to $1.4 Billion | Airdrop Alert Pro

Cardano (ADA) has dropped nearly 10% in the past 24 hours and has continued to make 30% corrections over the past month. Despite a sharp decline, trading volume has soared 123% to $1.4 billion in the past 24 hours.

This increase in volume suggests that the growth in market activity may be driven by strong sales pressure. As Ada navigates during this fluctuation, technical indicators show that bearish momentum remains dominant despite potential reversal signals.

ADA BBTREND is positive, but still below the last rally level

ADA’s BBTREND is currently 2.83, up from -0.90 a day ago, indicating a change in momentum. BBTREND is an indicator derived from the Bollinger band that measures the intensity and direction of a trend.

Positive values ​​indicate bullish momentum, while negative values ​​indicate bearish pressure. Although Ada’s Bbtrend has entered the positive field, Signals increase buying interestit is still significantly below the level above 10 in mid-February.

This shows that while ADA gains some upward momentum, the buying pressure is not as strong as previous gatherings. Current BBTREND level indicates cautionary recoverywhich means buyers are gradually stepping in, but control has not been fully restored.

If BBTREND continues to rise, it may indicate a strengthened bullish sentiment. However, until it approaches higher levels, the current uptrend remains fragile, and Ada can still face resistance.

Ichimoku Cloud Shows Cardano’s Strong Bearish

Ichimoku Cloud ADA shows strong bearish trend. Prices are well below the cloud, indicating a continued downward momentum. The red cloud ahead reflects bearish sentiment, with the leading span A (green line) below the leading span B (red line).

Tenkan-sen (blue line) is located below the Kijun-Sen (red line), strengthening sales pressure. In addition, the chikou span (green lag line) is below the price action, confirming the overall bearish outlook.

After failing to break through Kijun-sen, the price drop began, leading to a decisive action downward action. Currently, there is little sign of recovery for prices and the bearish structure remains intact.

For any potential reversal, the price needs to surpass Tenkan-Sen and Kijun-sen and then break through through the cloud. Before this happens, the bearish trend may persist, reflecting the ADA’s powerful downward pressure.

Cardano may fall to $0.5

Cardano prices have dropped 18% in the past two daysits EMA line forms a strong bearish position. Short-term EMA is clearly lower than long-term EMA, which indicates sales pressure and confirms bearish momentum.

If this downward trend continues Ada may fall further to $0.50. The widespread separation between EMAs shows that negative sentiment is strong, which gives buyers a challenge to regain control.

However, if ADA manages to reverse this trend, there is a possibility of a significant recovery. If this happens, the ADA may first test the resistor at a rate of $0.73, which may climb to $0.82 if that level is broken.

If the uptrend is still strong, ADA may arrive $0.90, representing 40% of the upside. In order for this reversal to occur, short-term EMA needs to exceed long-term EMA, indicating a shift in sentiment from bearish to bullish.